The Takeaway: The 4% Rule tells you two things. First, it lets you know how much you can annually tap from your retirement nest-egg without it running dry. Second, it tells you how big your nest-egg needs to be to cover your retirement income needs. What’s not to love? 😀 This post is a step-by-step guide … [Read more…]
The takeaway: Continuing care retirement communities are part of the trilogy of your long-term care options–but these come with waiting lists. Folks are clamoring to get in. You, savvy Boomer, will not be swayed by fear of missing out. Certain questions about these places still need to be asked. This post asks those questions so … [Read more…]
The takeaway: Continuing Care Retirement Communities give you a place to live, provide lots of amenities and activities, and–depending on your contract–include long-term care. This post provides four steps to help you decide if these places are worth the money. The post also tells my experiences and impressions visiting two different communities in two different … [Read more…]
The takeaway: Continuing Care Retirement Communities are housing developments that let you age in place, while also providing long-term care if you need it. They are one of the three major types of long-term care insurance you can buy; the other two were discussed in an earlier post. Unless you have money to burn, be clear … [Read more…]
The takeaway: Boomer, beware the retirement replacement ratio. Contrary to belief, it doesn’t help Boomers figure out how much money they need to retire. The retirement replacement ratio may be fine for early- to mid-career workers, but not for Boomers who are on the brink of retirement. This post explains why. Have a look! $$$ … [Read more…]